International Trader - Asia

Pension Gains Boost Japanese Earnings

The Nikkei's surge will boost corporate earnings.

A WEEK INTO JAPAN'S NEW FISCAL YEAR, the betting is on that Corporate Japan's earnings will surprise on the upside. At least part of the gain may come from the 47% gain in Japanese shares during the past fiscal year.

Earnings revisions for the year just ended have been very strong, with analysts on average revising earnings higher by 8% to 10%, the highest percentage markup in recent memory, according to...